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Last Trade
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Last Trade:
$9.05
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Change:
-0.06 (-0.66%)
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Trade Time:
04:10 PM EST
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Market Cap:
$2.13B
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Description of Business
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We are the second largest publicly-traded lodging real estate investment trust
("REIT") with a diverse portfolio of market-leading hotels and resorts with
significant underlying real estate value. We were originally formed as Hilton
Hotels Corporation, a Delaware corporation, in 1946 and existed as a part of one
of Hilton's business segments. On January 3, 2017, Hilton Parent completed the
spin-off that resulted in our establishment as an independent, publicly traded
company. As of February 27, 2020, our portfolio consists of 60 premium-branded
hotels and resorts with over 33,000 rooms, primarily located in prime United
States ("U.S.") markets with high barriers to entry. Over 86% of our rooms are
luxury and upper upscale and all of our rooms are located in the U.S. and its
territories.
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